Meeting documents

Council
Thursday 1 March 2007 6.45 pm

Date:
Thursday, 1st March, 2007
Time:
6.45pm
Place:
Council Chamber, Civic Centre, Arnot Hill Park, Arnold
 

Attendance Details

ItemDescriptionResolution
78 OPENING PRAYERS.
Business for item 78
 
79 APOLOGIES FOR ABSENCE.
Business for item 79
 
80 DECLARATION OF INTERESTS.
Business for item 80
 
81 TO CONSIDER AND IF APPROVED, ADOPT THE RECOMMENDATIONS OF THE CABINET DATED 15 FEBRUARY 2007 AND SET THE COUNCIL TAX FOR THE BOROUGH YEAR ENDING 31 MARCH 2008
Business for item 81
RESOLVED:

1. To adopt the recommendations contained in Minute 129 of the meeting of the Cabinet held on 15 February 2007 with regard to the Capital Programme and Housing Investment Programme 2007/08.

2. That the General Fund Revenue Budget and Service Plan 2007/08, along with the revenue growth proposals for 2007/08 and, subject to sufficient resources being made available through the Local Authority Business Growth Initiative, the additional budgets for Environmental Initiatives and Spend to Save Initiatives, referred to in Minute 131 of the meeting of the Cabinet held on 15 February 2007 be approved.

3. That the sum of £627,704 be taken from General Fund Balances in 2007/08 to support General Fund revenue expenditure in that year.

4. That it be noted that the Finance Portfolio Holder determined on 11 January 2007, the following amounts for the year 2007/08 in accordance with regulations made under section 33(5) of the Local Government Finance Act 1992.

(a) 37,592.09 being the amount calculated by the Council, in accordance with regulation 3 of the Local Authorities (Calculation of Council Tax Base) Regulations 1992, as its council tax base for the year.

(b)
Part of the Council's Area Tax Base
Bestwood St Albans 1,546.58
Burton Joyce 1,498.77
Calverton 2,117.55
Colwick 912.57
Lambley 481.26
Linby 101.64
Newstead 404.49
Papplewick 276.42
Ravenshead 2,573.79
Stoke Bardolph 53.33
Woodborough 894.26

being the amounts calculated by the Council, in accordance with regulation 6 of the Regulations, as the amounts of its council tax base for the year for dwellings in those parts of its area to which one or more special items relate.

5. That the following amounts be now calculated by the Council for the year 2007/08 in accordance with sections 32 to 36 of the Local Government Finance Act 1992:

(a) £54,747,904 being the aggregate of the amounts which the Council estimates for the items set out in section 32(2)(a) to (e) of the Act.

(b) £40,806,504 being the aggregate of the amounts which the Council estimates for the items set out in section 32(3)(a) to (c) of the Act

(c) £13,941,400 being the amount by which the aggregate at 5(a) above exceeds the aggregate at 5(b) above, calculated by the Council, in accordance with section 32(4) of the Act, as its budget requirement for the year

(d) £8,584,553 being the aggregate of the sums which the Council estimates will be payable for the year into its general fund in respect of redistributed non-domestic rates, revenue support grant and collection fund surpluses & deficits.

(e) £142.50 being the amount at 5(c) above less the amount at 5(d) above, all divided by the amount at 4(a) above, calculated by the Council, in accordance with section 33(1) of the Act, as the basic amount of its council tax for the year

(f) £277,404 being the aggregate amount of all special items referred to in section 34(1) of the Act

(g) £135.12 being the amount at 5(e) above less the result given by dividing the amount at 5(f) above by the amount at 4(a) above, calculated by the Council, in accordance with section 34(2) of the Act, as the basic amount of its council tax for the year for dwellings in those parts of its area to which no special item relates

(h)
Part of the Council's Area £
Bestwood St Albans 144.48
Burton Joyce 170.22
Calverton 166.26
Colwick 169.43
Lambley 152.77
Linby 164.64
Newstead 162.39
Papplewick 155.73
Ravenshead 161.49
Stoke Bardolph 142.55
Woodborough 153.66

being the amounts given by adding to the amount at 5(g) above to the amounts of the special item or items relating to dwellings in those parts of the Council's area mentioned above, divided in each case by the amount at 4(b) above, calculated by the Council, in accordance with section 34(3) of the Act, as the basic amounts of its council tax for the year for dwellings in those parts of its area to which one or more special items relate
(i)
Part of the Council's Area Valuation Bands
A B C D E F G H
£ £ £ £ £ £ £ £
Bestwood St Albans 96.32 112.37 128.43 144.48 176.59 208.69 240.80 288.96
Burton Joyce 113.48 132.39 151.31 170.22 208.05 245.87 283.70 340.44
Calverton 110.84 129.31 147.79 166.26 203.21 240.15 277.10 332.52
Colwick 112.95 131.78 150.61 169.43 207.08 244.73 282.38 338.86
Lambley 101.85 118.82 135.80 152.77 186.72 220.66 254.62 305.54
Linby 109.76 128.05 146.35 164.64 201.23 237.81 274.40 329.28
Newstead 108.26 126.30 144.35 162.39 198.48 234.56 270.65 324.78
Papplewick 103.82 121.12 138.43 155.73 190.34 224.94 259.55 311.46
Ravenshead 107.66 125.60 143.55 161.49 197.38 233.26 269.15 322.98
Stoke Bardolph 95.03 110.87 126.71 142.55 174.23 205.90 237.58 285.10
Woodborough 102.44 119.51 136.59 153.66 187.81 221.95 256.10 307.32

All other parts of the Council's area 90.08 105.09 120.11 135.12 165.15 195.17 225.20 270.24

being the amounts given by multiplying the amounts at 5(g) and 5(h) above by the number which, in the proportion set out in section 5(1) of the Act, is applicable to dwellings listed in a particular valuation band divided by the number which in that proportion is applicable to dwellings listed in valuation band D, calculated by the Council, in accordance with section 36(1) of the Act, as the amounts to be taken into account for the year in respect of categories of dwellings listed in different valuation bands.

6. That it be noted that for the year 2007/08, Nottinghamshire County Council, the Nottinghamshire Police Authority and the Combined Fire Authority have stated the following amounts in precepts issued to the Council, in accordance with section 40 of the Local Government Finance Act 1992, for each of the categories of dwellings shown below:

A B C D E F G H
Precepting Authority: £ £ £ £ £ £ £ £
Notts County Council 749.79 874.76 999.72 1,124.69 1,374.62 1,624.55 1,874.48 2,249.38
Notts Police Authority 92.52 107.94 123.36 138.78 169.62 200.46 231.30 277.56
Combined Fire Authority 42.35 49.41 56.47 63.53 77.65 91.77 105.88 127.06

7. That, having calculated the aggregate in each case of the amounts at 5(i) and 6 above, the Council, in accordance with section 30(2) of the Local Government Finance Act 1992, hereby sets the following amounts of council tax for the year 2007/2008 for each of the categories of dwellings shown below:

Part of the Council's Area Valuation Bands
A B C D E F G H
£ £ £ £ £ £ £ £
Bestwood St Albans 980.98 1,144.48 1,307.98 1,471.48 1,798.48 2,125.47 2,452.46 2,942.96
Burton Joyce 998.14 1,164.50 1,330.86 1,497.22 1,829.94 2,162.65 2,495.36 2,994.44
Calverton 995.50 1,161.42 1,327.34 1,493.26 1,825.10 2,156.93 2,488.76 2,986.52
Colwick 997.61 1,163.89 1,330.16 1,496.43 1,828.97 2,161.51 2,494.04 2,992.86
Lambley 986.51 1,150.93 1,315.35 1,479.77 1,808.61 2,137.44 2,466.28 2,959.54
Linby 994.42 1,160.16 1,325.90 1,491.64 1,823.12 2,154.59 2,486.06 2,983.28
Newstead 992.92 1,158.41 1,323.90 1,489.39 1,820.37 2,151.34 2,482.31 2,978.78
Papplewick 988.48 1,153.23 1,317.98 1,482.73 1,812.23 2,141.72 2,471.21 2,965.46
Ravenshead 992.32 1,157.71 1,323.10 1,488.49 1,819.27 2,150.04 2,480.81 2,976.98
Stoke Bardolph 979.69 1,142.98 1,306.26 1,469.55 1,796.12 2,122.68 2,449.24 2,939.10
Woodborough 987.10 1,151.62 1,316.14 1,480.66 1,809.70 2,138.73 2,467.76 2,961.32

All other parts of the Council's area 974.74 1,137.20 1,299.66 1,462.12 1,787.04 2,111.95 2,436.86 2,924.24
82 TREASURY MANAGEMENT STRATEGY STATEMENT AND ANNUAL INVESTMENT STRATEGY 2007/2008
Business for item 82
RESOLVED:

To approve the Treasury Management Strategy Statement and Annual Investment Strategy for 2007/08.
The meeting closed at 6.55 pm

Attendance Details

Present:
A.A. Clarke (Mayor), P.G. Barnes, S.J. Barnes, D.N. Beeston (a), A.S. Bexon, P.M. Blandamer, F.J.D. Boot, V.H. Bradley, T.R. Chandran, A.A. Clarke, G.V. Clarke (a), W.J. Clarke, J.M. Cole, S.M. Creamer, R.T. Day, A.M. Dunkin, M.S. Dunkin, P. Feeney, A.J. Gillam, J.F. Glass, I.S. Gollop, W.H. Golland, R.J. Goodwin, W.T. Grainger, G.J. Griffiths(a), R.G. Kempster, S.M. Lane, C.M. Luckett, H. Maddock, J.J. McCauley, V. McCrossen, G.L. Millar, R.J. Nicholson, J.M. Parr (a), W.A. Peet, V.C. Pepper, R.A. Poynter, C.N.F.W. Pratt, C. Preston, S.J. Prew-Smith, D.E. Pulk, D.A. Pycroft (a), S.J. Ragsdale, A. Rigby, J.J. Spencer, M.S. Spencer, R.F. Spencer, J.O. Tanner, G.G. Tunnicliffe, J.A. Woodward (a), M.A. Wright

Business

Business
ItemBusiness
78Opening Prayers were said
79Apologies for absence were received from Councillors Clarke,Parr, Pycroft and Woodward.
80None declared.
81Consideration was given to the recommendations of the Cabinet (minute numbers 129 and 131) dated 15 February 2007, together with the report of the Leader of the Council on Council Tax levels for 2007/08.

A proposition was moved by Councillor R.F. Spencer and seconded by Councillor Gollop in the following terms:-

1. To adopt the recommendations contained in Minute 129 of the meeting of the Cabinet held on 15 February 2007 with regard to the Capital Programme and Housing Investment Programme 2007/08.

2. That the General Fund Revenue Budget and Service Plan 2007/08, along with the revenue growth proposals for 2007/08 and, subject to sufficient resources being made available through the Local Authority Business Growth Initiative, the additional budgets for Environmental Initiatives and Spend to Save Initiatives, referred to in Minute 131 of the meeting of the Cabinet held on 15 February 2007 be approved.

3. That the sum of £627,704 be taken from General Fund Balances in 2007/08 to support General Fund revenue expenditure in that year.

4. That it be noted that the Finance Portfolio Holder determined on 11 January 2007, the following amounts for the year 2007/08 in accordance with regulations made under section 33(5) of the Local Government Finance Act 1992.

(a) 37,592.09 being the amount calculated by the Council, in accordance with regulation 3 of the Local Authorities (Calculation of Council Tax Base) Regulations 1992, as its council tax base for the year.

(b)
Part of the Council's Area Tax Base
Bestwood St Albans 1,546.58
Burton Joyce 1,498.77
Calverton 2,117.55
Colwick 912.57
Lambley 481.26
Linby 101.64
Newstead 404.49
Papplewick 276.42
Ravenshead 2,573.79
Stoke Bardolph 53.33
Woodborough 894.26

being the amounts calculated by the Council, in accordance with regulation 6 of the Regulations, as the amounts of its council tax base for the year for dwellings in those parts of its area to which one or more special items relate.

5. That the following amounts be now calculated by the Council for the year 2007/08 in accordance with sections 32 to 36 of the Local Government Finance Act 1992:

(a) £54,747,904 being the aggregate of the amounts which the Council estimates for the items set out in section 32(2)(a) to (e) of the Act.

(b) £40,806,504 being the aggregate of the amounts which the Council estimates for the items set out in section 32(3)(a) to (c) of the Act


(c) £13,941,400 being the amount by which the aggregate at 5(a) above exceeds the aggregate at 5(b) above, calculated by the Council, in accordance with section 32(4) of the Act, as its budget requirement for the year

(d) £8,584,553 being the aggregate of the sums which the Council estimates will be payable for the year into its general fund in respect of redistributed non-domestic rates, revenue support grant and collection fund surpluses & deficits.

(e) £142.50 being the amount at 5(c) above less the amount at 5(d) above, all divided by the amount at 4(a) above, calculated by the Council, in accordance with section 33(1) of the Act, as the basic amount of its council tax for the year

(f) £277,404 being the aggregate amount of all special items referred to in section 34(1) of the Act

(g) £135.12 being the amount at 5(e) above less the result given by dividing the amount at 5(f) above by the amount at 4(a) above, calculated by the Council, in accordance with section 34(2) of the Act, as the basic amount of its council tax for the year for dwellings in those parts of its area to which no special item relates

(h)
Part of the Council's Area £
Bestwood St Albans 144.48
Burton Joyce 170.22
Calverton 166.26
Colwick 169.43
Lambley 152.77
Linby 164.64
Newstead 162.39
Papplewick 155.73
Ravenshead 161.49
Stoke Bardolph 142.55
Woodborough 153.66

being the amounts given by adding to the amount at 5(g) above to the amounts of the special item or items relating to dwellings in those parts of the Council's area mentioned above, divided in each case by the amount at 4(b) above, calculated by the Council, in accordance with section 34(3) of the Act, as the basic amounts of its council tax for the year for dwellings in those parts of its area to which one or more special items relate
(i)
Part of the Council's Area Valuation Bands
A B C D E F G H
£ £ £ £ £ £ £ £
Bestwood St Albans 96.32 112.37 128.43 144.48 176.59 208.69 240.80 288.96
Burton Joyce 113.48 132.39 151.31 170.22 208.05 245.87 283.70 340.44
Calverton 110.84 129.31 147.79 166.26 203.21 240.15 277.10 332.52
Colwick 112.95 131.78 150.61 169.43 207.08 244.73 282.38 338.86
Lambley 101.85 118.82 135.80 152.77 186.72 220.66 254.62 305.54
Linby 109.76 128.05 146.35 164.64 201.23 237.81 274.40 329.28
Newstead 108.26 126.30 144.35 162.39 198.48 234.56 270.65 324.78
Papplewick 103.82 121.12 138.43 155.73 190.34 224.94 259.55 311.46
Ravenshead 107.66 125.60 143.55 161.49 197.38 233.26 269.15 322.98
Stoke Bardolph 95.03 110.87 126.71 142.55 174.23 205.90 237.58 285.10
Woodborough 102.44 119.51 136.59 153.66 187.81 221.95 256.10 307.32

All other parts of the Council's area 90.08 105.09 120.11 135.12 165.15 195.17 225.20 270.24

being the amounts given by multiplying the amounts at 5(g) and 5(h) above by the number which, in the proportion set out in section 5(1) of the Act, is applicable to dwellings listed in a particular valuation band divided by the number which in that proportion is applicable to dwellings listed in valuation band D, calculated by the Council, in accordance with section 36(1) of the Act, as the amounts to be taken into account for the year in respect of categories of dwellings listed in different valuation bands.

6. That it be noted that for the year 2007/08, Nottinghamshire County Council, the Nottinghamshire Police Authority and the Combined Fire Authority have stated the following amounts in precepts issued to the Council, in accordance with section 40 of the Local Government Finance Act 1992, for each of the categories of dwellings shown below:

A B C D E F G H
Precepting Authority: £ £ £ £ £ £ £ £
Notts County Council 749.79 874.76 999.72 1,124.69 1,374.62 1,624.55 1,874.48 2,249.38
Notts Police Authority 92.52 107.94 123.36 138.78 169.62 200.46 231.30 277.56
Combined Fire Authority 42.35 49.41 56.47 63.53 77.65 91.77 105.88 127.06

7. That, having calculated the aggregate in each case of the amounts at 5(i) and 6 above, the Council, in accordance with section 30(2) of the Local Government Finance Act 1992, hereby sets the following amounts of council tax for the year 2007/2008 for each of the categories of dwellings shown below:

Part of the Council's Area Valuation Bands
A B C D E F G H
£ £ £ £ £ £ £ £
Bestwood St Albans 980.98 1,144.48 1,307.98 1,471.48 1,798.48 2,125.47 2,452.46 2,942.96
Burton Joyce 998.14 1,164.50 1,330.86 1,497.22 1,829.94 2,162.65 2,495.36 2,994.44
Calverton 995.50 1,161.42 1,327.34 1,493.26 1,825.10 2,156.93 2,488.76 2,986.52
Colwick 997.61 1,163.89 1,330.16 1,496.43 1,828.97 2,161.51 2,494.04 2,992.86
Lambley 986.51 1,150.93 1,315.35 1,479.77 1,808.61 2,137.44 2,466.28 2,959.54
Linby 994.42 1,160.16 1,325.90 1,491.64 1,823.12 2,154.59 2,486.06 2,983.28
Newstead 992.92 1,158.41 1,323.90 1,489.39 1,820.37 2,151.34 2,482.31 2,978.78
Papplewick 988.48 1,153.23 1,317.98 1,482.73 1,812.23 2,141.72 2,471.21 2,965.46
Ravenshead 992.32 1,157.71 1,323.10 1,488.49 1,819.27 2,150.04 2,480.81 2,976.98
Stoke Bardolph 979.69 1,142.98 1,306.26 1,469.55 1,796.12 2,122.68 2,449.24 2,939.10
Woodborough 987.10 1,151.62 1,316.14 1,480.66 1,809.70 2,138.73 2,467.76 2,961.32

All other parts of the Council's area 974.74 1,137.20 1,299.66 1,462.12 1,787.04 2,111.95 2,436.86 2,924.24

The Mayor put the proposition to the meeting and declared the same carried and it was:-
82Consideration was given to a copy of a report of the Head of Finance that sought Members' approval to the Council's Treasury Management Strategy Statement and Annual Investment Strategy for 2007/08.

A proposition was moved by Councillor R.F. Spencer and seconded by Councillor Gollop in the following terms:-

To approve the Treasury Management Strategy Statement and Annual Investment Strategy for 2007/08.

The Mayor put the proposition to the meeting and declared the same carried and it was:-